Find equipment financing that fits the asset and the job
Equipment financing helps a business acquire the machinery, vehicles, technology or tools it needs without paying the whole purchase price immediately. The right shortlist starts with the asset, the business that will use it and the agreement's ownership path, not just the smallest monthly payment.
Below are 15 bank and specialist offerings to research, followed by a practical comparison framework. This is not a cheapest-lender ranking: providers underwrite different businesses and equipment, and a loan and a lease can produce different outcomes.
15 equipment financing companies and bank offerings
Official product pages were checked October 1, 2026. The descriptions identify a research route, not an approved offer or a promise of local availability.
| Provider | Offering | Asset focus | Shortlist note |
|---|---|---|---|
| 1. Bank of America | Small-business equipment loans | Heavy-duty and general-purpose equipment | Ask for an equipment quote rather than assuming a general working-capital loan is the same product. |
| 2. U.S. Bank | Business equipment financing | Essential operating equipment | Its equipment page frames financing around acquiring equipment and eventual ownership after repayment. |
| 3. Wells Fargo | Commercial equipment finance | Equipment leasing and financing | A commercial-finance route to investigate for an asset-heavy business; confirm the relevant size and industry team. |
| 4. PNC | Commercial equipment finance | Business-critical assets | Its page describes equipment finance across the US and Canada; confirm the borrower and asset geography. |
| 5. First Citizens | Small-business equipment financing | Business equipment and vehicles | Start with its small-business product rather than the distinct middle-market and large-cap offering. |
| 6. Truist | Commercial equipment finance | Equipment financing relationship | A bank-owned equipment-finance team; ask for a structure tied to the specific asset and operating need. |
| 7. Regions | Customized equipment finance | New or upgraded equipment | Its offering separates financing options, specialty structures and industry expertise. |
| 8. Key Equipment Finance | Equipment finance within commercial banking | Equipment acquisition | Key lists equipment finance separately from asset-based lending and general loans and lines. |
| 9. Huntington | Commercial equipment finance | Equipment suited to a business model | Its commercial financing menu describes equipment financing alongside other credit and leasing routes. |
| 10. Citizens | Commercial equipment finance and leasing | Industry-specific assets and fleets | Its offering includes loans and leases; ask about the asset team and actual end-of-term obligations. |
| 11. TD Equipment Finance | Commercial financing and leasing | Business equipment | TD's US equipment-finance route is separate from its Canadian commercial offering. |
| 12. Crest Capital | Specialist equipment finance | Equipment, vehicles and software | Crest describes new and used assets and distinguishes financing from leasing; verify the exact agreement. |
| 13. Ameris Bank Equipment Finance | Small-business equipment financing | New and used equipment, software and vehicles | The Balboa Capital equipment URL now redirects here. Count the current offering once, not as two providers. |
| 14. DLL | Asset and vendor finance | Equipment, technology and industry-specific assets | DLL distinguishes getting financing for your business from offering financing to your customers. |
| 15. National Funding | Equipment financing and leasing | New and used business equipment | Its product page offers both structures and discloses state-specific limitations. Confirm what is offered in your state. |
Start with the outcome: own, use or upgrade
Use three plain-language questions to organize proposals:
- Own: do you expect to keep the asset after the scheduled payments, and what must happen for ownership to be clear?
- Use: is the goal access to equipment for a defined operating period, with a return or renewal at the end?
- Upgrade: will technology or capacity needs change before the equipment wears out?
U.S. Bank explains equipment financing in terms of purchasing equipment and ownership after repayment. DLL's custom asset-finance page describes lease-end return, purchase or upgrade options. Those are different destinations, so ask every provider to spell out the end state in writing. U.S. Bank equipment financing; DLL custom asset finance.
Four shortlist paths that solve different problems
Your banking relationship
Bank of America, U.S. Bank and First Citizens have equipment pages aimed at smaller businesses. A conversation with your current bank can connect the equipment request to existing operating accounts and other credit. Ask which team handles your transaction and whether the proposed terms interact with existing facilities. A bank name alone does not establish product fit.
A commercial asset-finance team
Wells Fargo, PNC, Truist, Regions, Key, Huntington, Citizens and TD offer commercial equipment-finance routes. These deserve a closer look when an equipment purchase is part of a larger fleet, manufacturing plan or multi-asset project. The relevant distinction is the team's asset expertise and structure, not an assumed universal minimum deal size.
A focused small-business provider
Crest Capital, Ameris Bank Equipment Finance and National Funding offer direct equipment-oriented research paths. Compare new versus used equipment, software and installation costs, personal guarantees and the precise financing product. National Funding's page includes state-specific limitations, while Ameris explicitly notes that meeting minimum requirements is not approval. National Funding equipment terms and disclosures; Ameris equipment requirements.
The manufacturer or dealer route
Ask the seller whether it has an equipment-financing partner, then compare that offer with an independent proposal using the same cash price and asset specification. DLL serves manufacturers and suppliers as well as businesses acquiring equipment. A convenient dealer application still needs a clear contracting provider, payment schedule and ownership path. DLL financing routes.
A worked example: the monthly payment is only one line
Illustrative only: a machine shop is buying an $80,000 machine with $8,000 of installation and training. Two hypothetical 48-month proposals look like this:
| Comparison | Proposal A | Proposal B |
|---|---|---|
| Cash due at signing | $8,000 | $0 |
| Scheduled payment | $1,900 per month | $1,750 per month |
| End payment | $0 | $12,000 assumed purchase option |
| Illustrative payments if buying at end | $99,200 | $96,000 |
| Installation and training | Included in modeled uses | Must confirm coverage |
This is arithmetic, not a live quote or tax analysis. It shows why a buyer needs the signing cash, full schedule, end payment and included costs before comparing. Insurance, maintenance, taxes, downtime and other charges are not included in the totals. An option price that is not actually fixed could change the comparison.
Copy this equipment-finance request brief
- Exact asset, condition, seller, cash price and delivery date.
- Installation, shipping, training and software costs, listed separately.
- Current business operations and the equipment's specific job.
- Expected useful period and preference to own, return or upgrade.
- Available signing cash and the requested payment schedule.
- Existing financing and questions about guarantees or security.
- Requested complete proposal, including early payoff and end-of-term terms.
Do not make an assumed tax deduction the reason a purchase works. Confirm tax treatment with your own adviser, and confirm the product and jurisdiction-specific conditions with the provider.
Keep equipment, providers and follow-up in one place
Track the seller and financing contacts in Finta CRM, with stages for fit confirmed, quote requested, comparison ready and decision pending. Keep the equipment specification and proposals in Documents. Aurora can help prepare a sourced comparison from your available documents; your team checks it before choosing a contract.
For a broader acquisition or expansion, use the SBA 7(a) lenders guide. For a gap created by customer payment timing, the invoice factoring guide answers a different funding job.
Methodology and limitations
Finta Editorial Team selected distinct official equipment-finance offerings, including banks and specialists, without paid placement or hands-on approval testing. Balboa's redirected offering is listed under its current Ameris name. The list is not exhaustive. Confirm asset eligibility, geography, rates, guarantees, ownership, local rules and available capacity directly. Nothing here promises approval or a particular tax outcome.